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Stock impact report

Unity Bancorp (UNTY) Soars 6.8%: Is Further Upside Left in the Stock? [Yahoo! Finance]

Unity Bancorp, Inc. (UNTY) 
Last unity bancorp, inc. earnings: 4/17 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/101233
Company Research Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.9% gain over the past four weeks. Shares of Unity Bancorp rallied for the second consecutive day. With the Federal Reserve still signaling 75-basis points cut in interest rates and a robust economic growth this year, banks are likely to benefit. Thus, the investors are turning bullish on sector and this drove the UNTY stock higher. This bank holding company is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of -5.2%. Revenues are expected to be $25.2 million, down 0.5% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For Unity Bancorp, the cons Show less Read more
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